•
ст
5
for road projects.
These ordinances provide for
the payment of compensation based on the market value
of the affected properties as at the date of
reversion. If agreement cannot be reached on the
amount payable, either party can refer the case to
the Lands Tribunal for determination. The area
of land acquired and the amount of compensation paid
in recent years are as follows
Area of land acquired (Hectares)
Compensation paid (HK$mn.)
Year
1980-81
106.3
635
1981-82
152.5
1,896
1982-83
137.8
1,027
1983-84
139.5
984
9.
The compulsory acquisition of marine rights,
usually required for reclamation projects or the
grant of pier leases, is effected under the Public
Reclamation and Works Ordinance or the Foreshores
畿
and Sea Bed Ordinance. These ordinances provide for
the lodging of objections to a scheme and for the
payment of compensation for the extinguishment of
rights conferred by a lease.
10.
Government gross land production (including
acquisitions and resumptions) is estimated to be 530
hectares in the financial year 1984-85, as compared with 430